Updating your home’s plumbing features can significantly boost its market value. This uptick in value is because long-term improvements preserve and maintain the rest of the structure while potentially improving your health and well-being. Look below to discover some of the best plumbing upgrades that increase the value of your home.
Switching to a Tankless Water Heater
Tankless water heaters are becoming increasingly common in homes, and there are numerous reasons to make the switch in your residence. One of the biggest reasons to add a tankless water heater is that they are far more energy-efficient than their conventional counterparts. This saves you significant amounts of money on utility bills! These appliances are incredibly worthwhile investments for you and future buyers while you reside in your house.
Swapping Out Old Toilets
Whenever your toilet doesn’t function properly or looks broken, it can be an unpleasant experience. Watch for symptoms such as age (more than 25 years), consistent blockages, cracks, leaks, and insufficient flushing that suggest it’s time to replace them. Upgrading to a contemporary, eco-friendly toilet will increase the value of your property, saving you money in the long run.
Pipe Insulation
Insulating your hot water pipes minimizes heat loss. It can also boost the temperature of the water 2°F–4°F more than uninsulated pipes. That means you won’t waste as much water while waiting for the water to get hot enough to take a bath or shower.
Insulation can help keep condensation from forming on cold water pipes during warmer months, which can lead to mold formation and water damage. The best part about this upgrade is that it’s easy to do yourself. Simply purchase pipe wraps or sleeves and wrap them over exposed pipes.
Faucets and Fixtures
Upgrading your plumbing fixtures to more contemporary styles not only improves functionality, but adds aesthetic appeal to your home. Modern faucets and fixtures are much more efficient than even a decade ago, helping you save money on utilities. In fact, the right designs can be incredibly affordable, and easy-to-do updates are very attractive to potential buyers.
Many of these plumbing upgrades that increase the value of your home are easy to install. These small investments can pay off big time if you ever put your house on the market, and will improve your quality of life while you’re living there.